Chuan Kuaishou acquired Yilian Pay and obtained the central bank's third-party payment license

According to recent news from the outside world, Kuaishou has acquired a licensed payment institution Easylink Payment, thereby indirectly obtaining a payment license. Related sources said that the acquisition method was carried out in the form of cash + stocks, of which the cash was around 300 million yuan, and the amount and value of the stocks were unknown. After the completion of the acquisition, Kuaishou will hold more than 50% of Yilianpay's shares and become its largest controlling shareholder. In this regard, Kuaishou has not yet made a public response.

It is understood that Yilian Payment Co., Ltd. (formerly Guangzhou Yilian Business Services Co., Ltd.) was established in 2005 with a registered capital of RMB 100 million. It is a large-scale non-financial payment service organization in China. In 2011, the People's Bank of China issued the "Payment Business Permit" to Yilian Pay, permitting mobile phone payment, Internet payment, prepaid card issuance and acceptance business. Currently, Yilian Pay's mobile phone payment business covers payment services such as e-tickets, insurance, education examination fees, telecommunications recharge, hotels, travel, and other payment services, serving insurance industry customers such as China Life, Kangtai Life, and Huatai Life.

As early as August of this year, there was news that Kuaishou had applied for multiple trademarks named "Lao Tie Pay", and posted financial-related job requirements on the recruitment platform. Recruitment information shows that the Kuaishou Government Affairs Department is recruiting "financial direction" personnel for government affairs, mainly responsible for liaison and contact with various financial institutions, banks, governments and related institutions; expanding and maintaining government relations with financial regulatory authorities. At that time, Kuaishou responded that “there is currently no financial layout in Kuaishou.” According to the prospectus published by Kuaishou,

currently has over 776 million monthly active users and 302 million daily active users. In the first half of 2020, Kuaishou GMV reached 109.6 billion, and the monthly repurchase rate of users exceeded 60%. Globally, Kuaishou is the largest live streaming platform in terms of average monthly paying users for virtual gift rewards and live streaming; the second largest short video platform in terms of average daily active users; and the second largest live streaming in terms of total commodity transactions Electronic business platform. If the payment license can be officially implemented, it means that the gap in the financial field of Kuaishou will also be filled, thereby expanding revenue channels for the platform.

[The picture in this article comes from the Internet]